• Best Islamic Credit Cards in Malaysia 2018

    Similar to the conventional banking system, the Islamic banking system offers credit cards to its customers. These cards work on Shariah principles and offer reward points or cashback like any other card.

    Islamic cards offer various benefits such as cashback, rewards points, rebates, discounts on shopping, dining, petrol and grocery expenses. These cards also offer extra benefits such as Takaful cover and annual fee waiver. Some Islamic cards offer low profit rates when compared to commercial cards.

    Islamic credit cards are Shariah-compliant and unlike conventional credit cards, Islamic cards have profit rates in place instead of interest rates. Let us find out more about the best Islamic credit cards in Malaysia

    Here are the Best Islamic Credit Cards in Malaysia 2018

    Updated on 3rd August 2018

    Card Name
    Rewards Programme
    Takaful Protection and Profit Rate
    Annual Fees
    Know More

    5x AmBonus Points for overseas retail transactions.

    Travel takaful of up to RM2 million.

    Profit Rate: 15% p.a. to 18% p.a.

    Principal card: Waived.

    Supplementary card: Waived for the first three cards. RM188 p.a. will be charged from the fourth card onwards.

    1x TreatsPoint for every RM1 spent locally and overseas.

    1x TreatsPoint for insurance premium payment, utility bill payment, petrol purchases, and payment made to education institutions.

    Credit Care Plus Plan (coverage against death, total and permanent disability, or upon diagnosis of any of the 36 covered critical illnesses).

    Profit Rate: 15% p.a. to 18% p.a

    Principal card: Waived.

    Supplementary card: Waived.

    1x Happy Point for all local retail spends.

    2x Happy Points for all overseas retail spends.

    Travel takaful coverage of up to RM2 million.

    BSN Al-Aiman Credit Shield insurance plan protects the cardholder’s family in case of any untoward circumstances.

    BSN Credit Card-i Protector coverage of up to RM75,000 against death and total and permanent disability.

    Profit Rate: 9.95% p.a. to 17.5% p.a.

    Principal card: Waived.

    Supplementary card: Waived.

    1 Affin Rewards Point for all local retail spends.

    2 Affin Rewards Points for all overseas retail spends.

    Flight and travel personal accident takaful cover of up to RM1 million.

    Funeral expenses coverage of RM1,000.

    Profit Rate: 12% p.a. to 18% p.a.

    Waived for the first year

    Principal card: RM300.

    Supplementary card: RM150.

    8% cashback on petrol and grocery expenditures at participating merchants.

    Travel takaful cover is offered.

    Profit Rate: 15% p.a. to 18% p.a.

    Principal card: RM240.

    Supplementary card: RM120.

    Unlimited 0.1% Hibah Performance Bonus on every RM1 spent for local and overseas retail purchases.

    None

    Profit Rate: 15% p.a. to 18% p.a.

    Waived for the first year.

    Principal card: RM150.

    Supplementary card: RM100.

    (waived for the subsequent years on 12 swipes in 12 months).

    Up to 6% cashback every month.

    Travel takaful cover of up to RM200,000.

    Profit Rate: 15% p.a. to 18% p.a.

    Waived for life.

    Best Islamic Credit Cards

    AmBank Islamic World MasterCard?i

    AmBank Islamic World MasterCard?i offers rewards for all transactions carried out outside Malaysia. You also earn exclusive discounts and deals on dining, room rates, and golf.

    Key Benefits

    • Earn 5x AmBonus Points for overseas retail transactions.
    • Enjoy up to 50% discount on exclusive golf courses.
    • Get complimentary Plaza Premium Lounge access to over 26 local and international airports.
    • Enjoy shopping online with the card's E-Commerce Purchase Protection facility.
    • Enjoy up to 50% dining discounts at participating Hilton hotels in Malaysia, Thailand, and China.
    • Get 10% off best available room rates at participating Hilton hotels in Asia.
    Additional Points Description
    How to Use It
    • Use your AmBank Islamic World MasterCard?i for overseas retail purchases and earn AmBonus Points.
    • Redeem your AmBonus Points on a range of lifestyle items, gift vouchers, and air miles.
    • You can also redeem your AmBonus Points on the spot at ESH, Courts, Cosway, Sen Heng, SenQ, MYDIN, and other participating partner outlets.
    Good about It
    • The principal card and the first three supplementary cards are free-for-life without any conditions.
    • You earn high rewards as well as exclusive deals and privileges with this card.
    • You can get travel takaful cover of up to RM2 million.
    Keep in Mind
    • The minimum income requirement of this card is RM120,000 p.a.
    • You won't earn any AmBonus Points for local retail transactions.
    • You won't earn any AmBonus Points for petrol transactions, charity payments, and government-related payments.

    Who Should Get It

    • Those who travel regularly.
    • Those who shop overseas.

    Maybank Islamic MasterCard Ikhwan Platinum Card

    Maybank Islamic MasterCard Ikhwan Platinum Card is ideal for those who like to shop regularly. You earn TreatsPoints for all local and overseas purchases and earn cash rebates on petrol and groceries when you shop during the weekend (Fridays and Saturdays).

    Key Benefits

    • Earn 1x TreatsPoint for every RM1 spent locally and overseas.
    • Earn 1x TreatsPoint for insurance premium payment, utility bill payment, petrol purchases, payment made to education institutions, and 0% EzyPay.
    • Earn 5% rebate on petrol and groceries every Friday and Saturday.
    • Stand a chance to win an Umrah package (for Muslims) or a holiday package (for Non-Muslims). Spend RM200 and above in a single receipt to be eligible for 1x entry.
    • Carry out transactions and the bank will contribute 0.1% to selected charitable institutions.
    • Enjoy toll rebates and discounts with the complimentary Touch 'n Go Zing card.
    Additional Points Description
    How to Use It
    • Use your card to pay bills and insurance premium as well as for petrol purchases and earn TreatsPoints.
    • Redeem your TreatsPoints on an array of lifestyle products and gift vouchers.
    Good about It
    • Both the principal card and the supplementary cards are free for life without any conditions.
    Keep in Mind
    • The minimum income requirement of this card is RM60,000 p.a.
    • You won’t earn any TreatsPoints for government-related payments.

    Who Should Get It

    • Those who rely on their own vehicle for commuting.
    • Those who shop regularly.

    BSN-UUM Al-Aiman Platinum Mastercard

    If you are looking for a card that gives rewards for retail transactions as well as which comes with low management fees, this card is ideal for you. You also get a free BSN Zing PLUSMiles Card and takaful coverage.

    Key Benefits

    • Enjoy low profit rates (9.95% p.a. to 17.5% p.a., depending on the payment history).
    • Only non-compounding charges will be charged on your outstanding balance.
    • Enjoy toll rebates and easy top-ups with the complimentary BSN Zing PLUSMiles Card.
    • Get exclusive discounts and deals on dining, shopping, and travel at participating partner outlets.
    • Spend using your card and automatically support the UUM community. 0.3% of your transactions will be contributed by the bank to UUM.
    Additional Points Description
    How to Use It
    • Use your card for local and overseas retail transactions and earn Happy Points.
    Good about It
    • This card is free for life.
    • Get three insurance plans with this card (Travel takaful coverage of up to RM2 million, BSN Al-Aiman Credit Shield insurance plan, and BSN Credit Card-i Protector coverage of up to RM75,000 against death and total and permanent disability).
    Keep in Mind
    • The minimum income requirement of this card is RM60,000 p.a.
    • Happy Points are valid only for 3 years. All unused Happy Points will be forfeited.

    Who Should Get It

    • Those who are looking for cards that provide low management fees.
    • Those who shop regularly

    Affin Islamic Platinum Mastercard

    Shop using your Affin Islamic Platinum Mastercard and earn Affin Rewards Points. Additionally, get profit rates as low as 12% p.a. with this card. You also get travel takaful coverage and funeral benefits with this card.

    Key Benefits

    • Enjoy low profit rates (12% p.a. to 18% p.a., depending on the payment history).
    • The annual fee is waived for the first year.
    • Carry out transactions and the bank will contribute to selected charitable institutions.
    Additional Points Description
    How to Use It
    • Use your card for retail transactions and earn Affin Rewards Points.
    • Redeem your accumulated Affin Rewards Points on a range of products and gift vouchers.
    Good about It
    • The minimum income requirement of this card is RM48,000 p.a.
    • You get travel takaful up to RM1 million when you pay the full airfare using your card.
    Keep in Mind
    • You won’t earn any Affin Rewards Points on petrol transactions, government-related payments, utility bill payments, transactions towards charities, and all bank-related payments.

    Who Should Get It

    • Those who shop regularly.
    • Those who are looking for cards that offer low profit rates.

    HSBC Amanah Visa MPower Platinum Credit Card-i

    This card offers cashback on grocery, petrol and other purchases. It also offers various features such as Takaful cover, supplementary cards, balance transfer facility, cash advance, and Visa privileges.

    Key Benefits

    • Up to 8% cashback on petrol purchases.
    • Enjoy 0.2% cashback on your local retail spends.
    • Enjoy various premium Visa Privileges on your card.
    • No finance charges for balance transfer.
    Additional Points Description
    How to Use It

    Use the card at more than 2,500 participating shopping outlets across Malaysia to enjoy exciting discounts and offers under SmartPrivileges programme.

    Good about It
    • The HSBC Amanah MPower Platinum Credit Card-i offers cashback on groceries, petrol, and other retail expenses.
    • Access a 24-hour loss reporting line for free. Dial 1300 88 1388 (for local calls) and 03 8321 5400 (for overseas calls).
    • Enjoy a grace period of 20 days on all your shopping transactions made using the card.
    • Keep In Mind
    Keep in Mind
    • 8% cashback on petrol and groceries is applicable only if you spend a minimum of RM2,000 through your card.
    • The maximum cashback amount for petrol and grocery expenditures is capped at RM50 every month.

    Who Should Get It

    • Those who spend more on petrol and grocery related transactions.
    • Those who want to get premium privileges from Visa across Asia.

    Public Islamic Bank Visa Gold Credit Card-i

    The card offers performance bonus on all local and overseas retail transactions. It also comes with benefits that include free automatic travel insurance, contactless payment technology, mobile banking services, 24/7 help desk assistance, and e-statements.

    Key Benefits

    • Enjoy unlimited Hibah Performance Bonus of 0.1% on your retail purchases made internationally.
    • No minimum qualifying criteria and maximum limit is applicable to the bonus. You can use your Hibah Performance Bonus as you wish.
    Additional Points Description
    How to Use It
    • Use the card internationally for retail transactions to earn Hibah Performance Bonus.
    • Use this credit card to access your banking services (PBe Service) from across the globe anytime.
    Good about It
    • Enjoy an annual fee waiver for the first year.
    • Visa payWave allows you to make your payments just by waving the card in front of a machine. You do not need to provide your PIN to make a transaction.
    Keep in Mind
    • To earn annual fee waiver from the second year onwards, you need to swipe your card for at least 12 times over a year.
    • Benefits and privileges provided on your principal credit card can be extended to the supplementary cards by making an application.

    Who Should Get It

    • Those who travel frequently.
    • Those who use their credit card for both local and overseas retail purchases.

    RHB Islamic World Mastercard Credit Card-i

    This credit card offers you benefits on your travel and dining transactions. You can also earn cashback on your petrol purchases.

    Key Benefits

    • Enjoy up to 6% cashback each month on your transactions made for dining, travel, and petrol purchases.
    • Get 5x complimentary access to the Plaza Premium Lounges in the country.
    • Your accompanying guest can also get a discount of 25% on the walk-in fee at the Plaza Premium Lounges located in Malaysia.
    • You can enjoy 20% discount at the Plaza Premium Lounges around the globe.  
    Additional Points Description
    How to Use It
    • Charge your full flight ticket to the card to enjoy a free travel takaful cover of up to RM200,000.
    • Use your card for other local and overseas transactions to earn cashback.
    Good about It
    • Annual fee waiver for life.
    • Enjoy preferred rates at RHB Bureau-de-Change for major foreign currencies.
    • Enjoy discounted green fees at golf clubs across the country. Also enjoy Mastercard golf privileges at golf clubs located in Singapore, Thailand, Philippines, Vietnam, and Indonesia.
    Keep in Mind
    • No cashback is provided on overseas petrol transactions, government, and charity transactions.
    • If your monthly expenditures are less than RM3,500, you will earn a cashback less than 6%.
    • Domestic cashback earned is capped at RM30 for each month.

    Who Should Get It

    • Those who travel often and are looking for lounge accesses internationally.
    • Those who are looking for golf privileges across the world.

    How to Choose the Best Islamic Card

    While looking for the best Islamic cards, you have to consider a number of factors, such as reward type, reward categories, finance charges, eligibility criteria, annual fee, and other fees and charges applicable.

    Compare the cards, read the terms and conditions, and choose the one that fits your lifestyle.

    If you want to know more about other categories, check the best cashback credit cards or the best shopping credit cards

    BBazaar's Best Islamic Credit Cards of 2018

    Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

    Credit Cards Rewards Programme
    AmBank Islamic World Mastercard-i 5x AmBonus Points for overseas retail transactions.
    Maybank Islamic Mastercard Ikhwan Platinum Card

    1x TreatsPoint for every RM1 spent locally and overseas.

    1x TreatsPoint for insurance premium payment, utility bill payment, petrol purchases, and payment made to education institutions.

    BSN-UUM Al-Aiman Platinum Mastercard

    1x Happy Point for all local retail spends.

    2x Happy Points for all overseas retail spends.

    Affin Islamic Platinum Mastercard

    1 Affin Rewards Point for all local retail spends.

    2 Affin Rewards Points for all overseas retail spends.

    HSBC Amanah MPower Platinum Credit Card-i 8% cashback on petrol and grocery expenditures at participating merchants.
    Public Islamic Bank Visa Gold Credit Card-i Unlimited 0.1% Hibah Performance Bonus on every RM1 spent for local and overseas retail purchases.
    RHB Islamic World Mastercard Credit Card-i Up to 6% cashback every month.

    Looking for More

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